Doctor stresses the need to accelerate the procedure of regulating the monetary policy of the Central Bank

BAGHDAD (Reuters) – The absence of strategic planning in the central bank’s monetary policy has caused a deterioration in investment and economic development in recent years, a member of the Iraqi parliament, Mohammad Iqbal al-Sidli, said on Sunday.

Iqbal said in a statement issued by his press office that “the weak coordination and harmony between macroeconomic policies and unilateralism and the infiltration of financial, administrative and economic corruption in most government institutions and the lack of control over the outlets selling the currency and preventing smuggling outside the border is the latest state of economic stagnation” , Calling on the government to “re-review the plans of the Central Bank in the sale of cash currency and in line with the actual need of the Iraqi market in light of indicators of daily import balance of goods and raw materials.”

A member of the parliamentary strategic planning committee pointed out that “the tax volume adopted in the general budget revenue is at a frightening rate compared to the hundreds of millions that are pumped daily from the window of direct selling,” leading to “go most of the currency of the pockets of monopolists of the beneficiaries and not to cover the real market need.”

The pharmacist stressed on the need to accelerate the procedures of regulating the central bank’s monetary policy to secure an umbrella of financial and monetary stability and launch investment and resume the development and reconstruction efforts that were included in the federal budget. He pointed out that the file will be presented to the committee of monitoring the government program in the coming days and that the committee will take the necessary measures to prevent This dangerous transgression. ”

Alghadpress.com

Randy Koonce – Dinar Guru   Ladies and Gentlemen of Dinar-Land. Please put your tray tables in the upright position, and make sure your seat belts are fastened. It truly looks like we are on the final approach and that our very long ride is about to come to an end. I hope you have given much thought to, and made very wise plans as you exit the ride.  As you all are aware of, this Iraqi dinar revaluation has taken many unexpected and unplanned twists and turns. Barring another new unforeseen bump, we are looking at March to be our final month of waiting for this to happen.   [post 1 of 2]

Randy Koonce – Dinar Guru    Based on the information I have been able to get, we could see it as soon as this weekend, but hopefully no later than the 3rd week in March. That is our latest, and hopefully the last window. For some of you the tax consequences will be significant. Pay your taxes, but also be wise in the speed and manner in which you exchange…Take your time. Be deliberate and intentional. Be smarter than you’ve ever been in your life. There will never be another opportunity of this magnitude in our lifetimes. …ALSO this is very political so as I am very confident something can come up and delay. So do not quick breathing…We are close.. Every large bank will exchange… RELAX the RV is coming…Breathe…Check…CBI…every day to see if it has changed...   [post 2 of 2]

The Minister of Planning is considering the strategy of implementing new and ongoing projects with a number of local governments

Economy News Baghdad: The Minister of Planning, Nuri al-Dulaimi, on Thursday, with a number of provincial governors ways to overcome obstacles to the implementation of projects for the current year.

The ministry said in a statement received by “Economy News” that the Minister of Planning presided over “an expanded meeting involving the governors of Baghdad, Basra, Babylon, Anbar, Karbala, Najaf, Diwaniyah, Muthanna, Wasit, Maysan and Dhi Qar, , Indicating that the meeting discussed “ways to overcome the challenges facing the implementation of projects in the governorates for the current year, according to the budget allocations of 2019, which allocated 70% of the projects ongoing implementation, and 30% of the new projects, Including municipal service projects, and the health and education sectors “.

Dulaimi stressed that “the importance of moving towards phased work plans, through which to support the implementation efforts, and monitor any delay in the stages of implementation of projects and the immediate treatment of them,” calling on all local governments to accelerate the submission of their plans for 2019, By the Ministry of Planning, and start the procedures of disbursement and implementation, by the relevant authorities in the central government. “

For their part, the conservatives stressed “uniting efforts with the concerned authorities in the central government, to provide the best services to citizens.”

Economy-news.net

Iraq seeks to activate the strategic framework agreement in the field of trade and investment

Economy News: Deputy Prime Minister for Economic Affairs and Minister of Finance Fuad Hussein, Thursday, Iraq’s quest to activate the strategic framework agreement in the field of trade and investment.

“The minister received the Charge d’affaires of the US Embassy in Iraq, Joe Howard, to discuss the bilateral relations between Iraq and the United States of America and the plans of the Deputy Prime Minister to head the Iraqi delegation to the meetings of the World Bank and the International Monetary Fund,” the media office of the Ministry of Finance said in a statement. Will be held next April in Washington, DC “.

“During that visit, he will meet the Deputy Prime Minister with senior officials from the United States, the international community, officials of the World Bank and the International Monetary Fund and hold meetings with US trade representatives on the resumption of bilateral trade and investment talks,” he said.

“The two sides also discussed ways to provide a safe and attractive investment environment to encourage investors to work in Iraq, create job opportunities, eliminate unemployment, improve the level of services and construction throughout Iraq by activating the Strategic Framework Agreement in the area of trade and investment, Improve the investment environment for the purpose of attracting companies and capital to work in Iraq and participate in reconstruction campaigns and services. ”

“The Iraqi government is continuing to prepare plans to implement the government program as well as start planning and preparing the budget law for the year 2020 to ensure early coordination with all parties and institutions and governorates for the purpose of identifying the actual needs and build a balanced budget and economy and ambitious services benefit the Iraqi people.”

Economy-news.net

Baghdad and Washington are looking to provide a safe and attractive environment for investment in Iraq

Economy News – Baghdad – The Deputy Prime Minister for Economic Affairs and Finance Minister Fuad Hussein, on Thursday, with Joy Hood, charge d’affaires of the US Embassy in Iraq, to provide a safe and attractive environment for investment in Iraq, while Hussein said that the Iraqi government is continuing to prepare plans to implement the government program as well as start planning and preparing a law Budget for 2020 .

“The Deputy Prime Minister for Economic Affairs and the Minister of Finance received the charge d’affaires of the US Embassy in Baghdad, Joe Hood and the accompanying delegation,” said the press office of the Prime Minister in Baytan received, the Economist News, a copy of it, noting that “the two sides discussed during the meeting bilateral relations between Iraq and the states And the plans of the Deputy Prime Minister to head the Iraqi delegation to the meetings of the World Bank and the International Monetary Fund, which will be held next April in Washington, DC.

“During that visit, the Deputy Prime Minister will meet senior officials from the United States, the international community, World Bank and IMF officials and hold meetings with US trade representatives on the resumption of bilateral trade and investment talks,” the office said.

“The two sides discussed providing a safe and attractive investment environment to encourage investors to work in Iraq, create job opportunities, eliminate unemployment, improve the level of services and construction throughout Iraq by activating the strategic framework agreement in the field of trade and investment, Companies and capital to work in Iraq and participate in reconstruction campaigns and services. ”

“The Iraqi government is continuing to prepare plans to implement the government program as well as start planning and preparing the budget law for 2020 to ensure early coordination with all parties, institutions and governorates for the purpose of identifying the actual needs and building a balanced budget and economy and ambitious services benefiting the Iraqi people.”

Economy-news.net

Suron reveals the date of completion of the ministerial cab: Fayadh excluded

Special – Mawazin News: MP revealed the alliance of the other Qusay Mohsen, Sunday, the date of voting on the completion of the cabinet cabin, while referring to the exclusion of Interior Ministry candidate Faleh al-Fayadh.

Mohsen said in an interview with Mawazine News that “after the meeting of others and Fatah, it was agreed to vote on the candidates of the remaining ministries in the first week of the next legislative term.”

He added that “according to the data, the candidate of the Fath Alliance to the Ministry of Interior Faleh Fayyad is not among the candidates who will be submitted to the House of Representatives to give them confidence.”

On October 24, the House of Representatives granted confidence to the government of Adel Abdul Mahdi, while 4 ministries, namely Defense, Interior, Justice and Education, remained vacant.

Mawazin.net

UN calls on Iraq to form government soon

The United Nations (UN) yesterday called on Iraq to form a government as soon as possible, asking the country’s political parties to fill the four ministerial positions which remain vacant.

Special Representative of the Secretary-General for Iraq and Head of United Nations Assistance Mission for Iraq (UNAMI), Jeanine Hennis-Plasschaert, made the remarks during a joint press conference with the head of Sadrist movement’s political body, Nassar Al-Rubaie.

Hennis-Plasschaert said a number of issues were discussed during the meeting, including the need to accelerate the formation of a government and focus on the provision of services, as well as economic and social development.

She stressed that the international community’s support for Iraq must continue in the future, noting that the UN has spent billions of dollars on areas retaken from Daesh, without giving further details.

Four ministerial positions are still vacant in the government of Iraqi Prime Minister Adel Abdul Mahdi, namely the defence, interior, justice and education portfolios. Several political blocs, including Saeiroon, have rejected the candidacy of Faleh Al-Fayadh for Minister of Interior, as well as that of Faisal Al-Jarba as Minister of Defence.

Middleeastmonitor.com

Turkey attached to the unification of customs tariff in Iraq

(VOI) – The Turkish ambassador in Baghdad, Fatih Yildiz, said on Sunday that he had discussed with the Minister of Finance, Deputy Prime Minister for Economic Affairs, Fuad Hussein, the unification of customs tariffs at the Ibrahim al-Khalil crossing.

“I spoke a little while ago with the Assistant Prime Minister and Finance Minister Fuad Hussein,” Yildiz said in a tweet on his Twitter account. “He supported the lifting of internal customs duties in Iraq from the evening of February 16, 2019.”

He explained: will henceforth apply a unified customs tariff in the port of Ibrahim Khalil whether internal checkpoints were removed or not.

The Turkish ambassador in Baghdad said: “I informed him that we will follow up this subject,” noting that the Turkish shipping companies that use the crossing confirmed what the Iraqi minister said.

The General Authority of Customs announced the implementation of the Convention for the abolition of customs points established on the federal border with the Kurdistan region and the commencement of the unification of customs procedures at all border crossings as of Saturday.

The Director-General of the Kurdistan Regional Customs, Samal Abdul Rahman, on Sunday, that it was agreed on a unified tariff table in all of Iraq, based on the tariff of the region, “He said ,” The agreement on the unification of customs tariff was the result of serious work between the joint committees and welcomed the The Iraqi customs authority to remove the customs controls that were established on the main roads leading from Mosul and Kirkuk to the Kurdistan region.

The General Authority of Customs has announced on the eighth of this month, the start and direct implementation of the Council of Ministers Resolution No. (13) for the year 2019 on the unification of tariffs and procedures with the Kurdistan Region and all border crossings and the adoption of a unified customs declaration {customs statement} in Arabic and Kurdish.

Alforatnews.com

Iraq raises its investment in US bonds to the highest level in 2018

(Baghdad: Al-Furat News) Iraq raised its holdings of US debt instruments during the month of December, last record to the highest levels in 2018.

According to US Treasury data, Iraq’s ownership of US bonds jumped 67.1 percent in December to $ 34.6 billion ($ 41.364 trillion), the highest level in 2018, compared to $ 20.7 billion ($ 24.747) a month earlier From 2017.

On a monthly basis, Iraqi ownership of US Treasuries rose 7.8 percent in December from a month earlier to $ 32.1 billion (38.376 trillion dinars).

Iraq raised its holdings of US bonds in December for the third month in a row (31.1 billion dollars, or 37.18 trillion dinars) in October, and 29.4 billion dollars (35.148 trillion dinars) in September.

Iraq ranked fourth with Arab ownership of US bonds; Saudi Arabia topped the list with $ 171.6 billion (205.148 trillion dinars), second with the UAE at 56.8 billion dollars (67.904 trillion dinars) and Kuwait with 41.3 billion dollars (49.374 trillion dinars).

Alforatnews.com